Another Canadian company has applied to create a Bitcoin Exchange (BTC) exchange fund, or ETF, amid renewed interest in ETFs from global financial firms.

Accelerate Financial Technologies filed and received a prospectus receipt from the Canada Securities and Markets Authority for the Accelerate Bitcoin ETF (ABTC).

Accelerate Financial announced the news on February 3, announcing that ABTC will offer units that are denominated in US dollars and Canadian dollars. The company has applied to list ABTC shares on the Toronto Stock Exchange, and the listing must be in accordance with the requirements of the exchange.

The company said, “TSX has conditionally failed to accept ABTC’s application, and there is no guarantee that TSX will approve the listing application.”

The founder and CEO of Accelerate Financial, Julian Klimoszko, said the company is looking to give investors access to Bitcoin as one of the most effective assets based on its historical reputation and future potential. “Bitcoin was one of the best results for asset classes on a 1, 3, 5 and 10-year basis, both in absolute terms and on a risk-adjusted basis,” he said.

In mid-January, the director of Canadian investment fund Arksnovum presented the Bitcoin ETF offering prospectus to local stock regulators.

On January 21, VanEck filed an application with the US Securities and Exchange Commission to launch an ETF related to digital assets.

Source: CoinTelegraph

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